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(Bloomberg) Turkey will raise the minimum wage by 49% in the new year to take some of the pressure off living costs before local elections in a country where inflation is on track to surpass 70% in the months ahead.Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerTesla Plans Revamp of Smash Hit Model Y From China PlantApple’s iPhone Design Chief Enlisted by Jony Ive, Sam Altman to W

Bloomberg businessweekTayyip erdoganVedat isikhanGoldman sachs group incMorgan stanleyLabor minister vedat isikhanWall streetSachs groupPresident recep tayyip erdoganMinimum wageMinister vedat isikhanEconomic policiesPrice growthChronic inflation